STMICROELECTRONICS

- EUR (-)

- 15 min delayed data - Italy Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	STMMI
ISIN:	NL0000226223

STMICROELECTRONICS - 1H - Technical analysis published on 08/01/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bearish

Technical indicators

28%

33%

39%

My opinion

Bearish under 31.677 EUR

My targets

30.676 EUR (-1.17%)

27.839 EUR (-10.31%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on STMICROELECTRONICS. As long as you are under the resistance located at 31.677 EUR, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 30.676 EUR would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 27.839 EUR as an objective. Crossing it would then enable sellers to target 25.462 EUR. If the resistance 31.677 EUR were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

4.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The STMICROELECTRONICS price is 31.040 EUR. The price registered an increase of +1.44% on the session and was between 30.990 EUR and 31.165 EUR. This implies that the price is at +0.16% from its lowest and at -0.40% from its highest.

30.990

31.165

31.040

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by STMICROELECTRONICS:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Abnormal volumes on STMICROELECTRONICS were detected by the Central Volumes scanner:

Abnormal volumes

Timeframe : 5 days

Technical

Technical analysis of STMICROELECTRONICS in 1H shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : 1 hour

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near horizontal support

Type : Bullish

Timeframe : 1 hour

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Three black crows

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	25.462	27.839	30.676	31.040	31.677	35.071	36.204
Change (%)	-17.97%	-10.31%	-1.17%	-	+2.05%	+12.99%	+16.64%
Change	-5.578	-3.201	-0.364	-	+0.637	+4.031	+5.164
Level	Minor	Major	Intermediate	-	Minor	Major	Major

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	29.920	30.260	30.430	30.770	30.940	31.280	31.450
Camarilla	30.460	30.507	30.553	30.600	30.647	30.694	30.740
Woodie	29.835	30.218	30.345	30.728	30.855	31.238	31.365
Fibonacci	30.260	30.455	30.575	30.770	30.965	31.085	31.280

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	19.803	24.912	27.808	32.917	35.813	40.922	43.818
Camarilla	28.504	29.237	29.971	30.705	31.439	32.173	32.906
Woodie	18.698	24.359	26.703	32.364	34.708	40.369	42.713
Fibonacci	24.912	27.970	29.859	32.917	35.975	37.864	40.922

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	17.320	23.670	27.135	33.485	36.950	43.300	46.765
Camarilla	27.901	28.801	29.700	30.600	31.500	32.399	33.299
Woodie	15.878	22.949	25.693	32.764	35.508	42.579	45.323
Fibonacci	23.670	27.419	29.736	33.485	37.234	39.551	43.300

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	36.62
MACD (12,26,9):	-0.3000
Directional Movement:	-10.205
AROON (14):	-14.285
DEMA (21):	30.473
Parabolic SAR (0,02-0,02-0,2):	31.223
Elder Ray (13):	-0.160
Super Trend (3,10):	31.401
Zig ZAG (10):	30.600
VORTEX (21):	0.8610
Stochastique (14,3,5):	46.74
TEMA (21):	30.833
Williams %R (14):	-61.96
Chande Momentum Oscillator (20):	-0.385
Repulse (5,40,3):	-1.2240
ROCnROLL:	2
TRIX (15,9):	-0.1600
Courbe Coppock:	1.30

MA7:	32.694
MA20:	36.452
MA50:	37.780
MA100:	38.403
MAexp7:	30.767
MAexp20:	30.949
MAexp50:	32.106
MAexp100:	33.841
Price / MA7:	-5.06%
Price / MA20:	-14.85%
Price / MA50:	-17.84%
Price / MA100:	-19.17%
Price / MAexp7:	+0.89%
Price / MAexp20:	+0.29%
Price / MAexp50:	-3.32%
Price / MAexp100:	-8.28%

Quotes : - 15 min delayed data - Italy Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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